401K Plan

Its a Fidelity 401k plan. You can opt in/out of payments throughout the plan year allowing you to pay more or less based on your circumstances, with extra catch up payments allowed after the age of 50. The Fidelity plan funds have performed quite well over the years. The number of funds available is 32. You can borrow against your 401k with a loan if you need cash. As with any loan you can choose the length of the repayment plan which is at a rate of 5% interest. That interest is paid back into your 401k account. You're not losing money as the interest is paid to your account but you offset that against the potential gains that you lose by taking that money out of the market.